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Thursday, March 17, 2011

MCX Commodities Newslatter | MCX Market Strategy for today | MCX Gold live price | Support and Resistance For today 16 march 2011

Oil and metals rebounded on Wednesday as investors reaquired some comfort with  risk, plowing back into commodity markets a day after a sharp selloff sparked by  concerns over Japan's nuclear crisis. Gold rose on Wednesday as investors took  advantage of the previous day's 2 percent price drop to buy the metal and as the  extreme risk aversion that prompted a flight to liquidity on Tuesday eased.

Gold rises as markets stabilize.
Dollar fell to a four-month low against the yen.
U.S. crude oil stockpiles rose more than forecast.
Oil rise helped by renewed Middle East unrest.
Copper rebounds but Japan tensions remain. 


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